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Wedgebreakout

🍣 CHZ Wait For Breakout And RetestCHZ has been in a descending wedge for around 3 weeks now following a large breakout. Wait for a breakout of the descending wedge and make sure it finds support on the Fibonacci line before confirming the breakout. From there, we can expect a bullish run for CHZ following news in April about gaming releases and other positive news. Entry: ~0.565 Stop loss: ~0.51 (Make sure to see ATR at that point of time) Take profit zone 1: ~0.672 Take profit zone 2: ~0.878 (or hodl)
Long
by RainyTrader
6
Waiting for a buy on CHFJPYThough price hasn't gotten into my level, might probably miss this trade because markets already showing a bullish signal but I can't enter the trade until it meets my criterias. But if you can withstand huge drawdowns or you want to confirm my analysis with yours, I'd drop my confluence below. *Market is in an Uptrend. *Falling wedge(Bullish signal). *Rested of the breakout(healthy chart pattern). And the last confluence would be the entry reason. Feel free to criticize my analysis, we are all learners. 'Do not blindly buy CHFJPY based on my confluences and do not enter the trade if my analysis is against yours.'
Long
by T-B-X
2
Big Move Coming For ADA (Cardano)ADA has been retesting the critical $1.185 level for a while and as the triangle (signified by the while line) narrows, we can see that this downtrend will either sharply reverse or break down to the 0.618 fib. A breakout upwards would mean that buyers are back in control, and a sharp break could even bring us back up to the 0.236 fib, or the top of the supply zone at $1.31. However a break down would be unfavorable given all the bearish momentum we've already been seeing and could bring us down to $1.15, or possibly even back to $1. ADA may have a hard time breaking its all time highs because of the strong double top and aggressive sellers at that level as seen by the wicks, but my long term target remains at $5.
BINANCE:ADAUSD
by velocitylabs
2
EUARAUD LongEURAUD. We had a strong push upwards on the 25th of February until the descending trendline, then a correction started happening. The correction reached the Fibonacci retracement of 0.764 and rejected the level twice on a 4HR chart on 11 March. The correction may continue until 1.53269. My log entries are at 0.236 (1.5356),0.382 (1.54208) for a profit target at 1.618 extension (1.59644). As further confirmation that this may be wave 1 and 2 of the larger 5 waves move up, I see a descending wedge. The wedge was broken and retested and is currently in a range busy retesting the break point
Long
by TheMaverick187
2